SFL Corp will take over the debt on two of its three drilling rigs leased to Seadrill.
The New York-listed company has purchased bank debt on the semi-submersible rig West Taurus at 62% of the nominal outstanding loan amount.
The rig is laid up in Norway but is now debt-free.
The shipping company will also provide a corporate guarantee on a bank loan for harsh environment jack-up rig West Linus.
